PayLife Becomes SIX Payment Services

BusinessInvesting in Austria ♦ Published: September 23, 2015; 19:00 ♦ (Vindobona)

In September 2013, the Swiss financial services provider SIX acquired PayLife, the market leader for cashless payments in Austria, from the Austrian banks. With the acquisition and integration of PayLife SIX underlines its goal of driving international growth and its ambition to be among the leading European providers of card-based payments. Starting today, PayLife Bank GmbH is renamed SIX Payment Services ( Austria ) GmbH.

PayLife Becomes SIX Payment Services / Picture: © SIX Payment Services

With this step, a two-year integration phase is successfully completed.

Since then PayLife has been a wholly owned subsidiary of SIX and integrated into SIX Payment Services.

Customers of SIX Payment Services in Austria have already been benefiting from the merger due to the increased competitive power of SIX, its extensive portfolio and its expanded presence in…